B+

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Owner Contacts

$383,360

NAL Estimated Property Value

5609 SMU Boulevard 301, Dallas, TX, 75206

Off Market

2 Beds

2 Bath

1,217 Sq Ft

Condos / Townhouses

$278.55 / sqft

Built in 2008

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator

FlooringCarpet, Other

Exterior

Exterior FeaturesBalcony

Lot Size28,793 sqft

Building Information

Year Built2008

Stories3

Roof Type105

Garage Spaces2

Land Information

APN00C72140000000301

Land UseResidential

Legal DescriptionSHELBY RESIDENCES ACS 0.661 UNIT 301 CE%0.020342 INT202200013138 DD01132022 CO-DC 5187 00B 19A00 7DA5187 00B

Census Tract007914

Assessed Land Value$41,000

Assessed Improvement Value$342,360

Assessment Year2025

About this property

Fabulous location by SMU, and within walking distance to great restaurants & coffee shops. This chic third-floor corner unit has one of the best layouts in the building and is the largest by square footage. It features large windows that will provide natural light all day, and balconies that overlook beautiful Dallas views! Open concept unit with a gorgeous kitchen that features quartz counter-tops, stainless steel appliances, and tons of storage. The resident common area includes an outdoor lounge with a grill, a clubhouse, a fitness center, and pet area! Two parking spots right next to the elevator will convey with the unit. TENANT OCCUPIED THROUGH DEC 2021. Come see it today!

Investor Tools

$383,360

Estimated Property Value

$249,333Estimated Mortgage Balance

$134,027Estimated Equity

34% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,300 /month

Positive

Cash Flow Estimate:

$767 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$649/month

$380/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,876

$383,360

2025

$41,000

$342,360

$383,360

Tax History

Year

Tax Paid

Assessed Value

2024

$5,876

$383,360

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Rocket Mortgage Llc

Conventional

$271,000

First

Feb 14, 2022

Mar 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$249,333

$134,027

34%

65%

$1,625/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,930/mo

$2,005/mo

$-75/mo

6.0%

Learn About the Market: Opportunity in Dallas

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Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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